70 voters

10 Sports Betting Mistakes Every Fan Should Avoid

Updated October 13, 2018 376 votes 70 voters 5.2k views10 items

List RulesVote up the biggest rookie betting mistakes.

Thanks to the internet, sports betting is the biggest – and easiest – it's ever been. Whether it's taking part in a fantasy football league or filling out a bracket for March Madness, there's plenty of ways to get involved. But for those who are serious about putting money down on sports, there's a few things you should never do. 

Rookie sports betting mistakes are common, but fortunately, they are easy to avoid. If you want to know how to bet on sports successfully, you have to invest your time as wisely as your money. Luckily, sites like MyBookie make it simple to discover sports betting strategies that work. Plus, they offer a signup bonus for new users. Follow this guide to learn how to start sports betting without making those beginner mistakes. 

  • 1

    Failing To Track Bets

    It sounds obvious, but you'd be surprised how often this happens. Even if you're just starting out, make sure your bankroll is in order. Know how much money you have, no matter how big or how small the sum. Keep track of what you bet on every game, especially if you're going to up the ante. The great thing about online gambling sites is they can help you stay on top of this, so you're less likely to operate at a loss as you move forward.

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  • 2

    Betting On Impulse

    The flip side to thinking too much before placing a bet is not thinking at all. People might tell you to go with your gut, but going with your head is the safer bet. Don't change your bet at the last minute because of a funny feeling or superstition. Trust your instincts, but don't be supernatural about it. Impulse betting, like emotion-fueled betting or alcohol-fueled betting, is for beginners begging to have their money taken away. 

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  • 3

    Backing Your Team No Matter What

    If there's one strategy experts warn against even more than perpetually betting on the favorite, it's always betting on your team. Not that you should never bet on your team, especially if you know them inside and out. But doing it all the time is sentimental and reckless. Ultimately, if you can't be objective, you shouldn't be betting at all. Don't let emotion rule your decision-making when it comes time to place that wager. 

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  • 4

    Betting While Drunk

    While alcohol and sports can go hand-in-hand, betting while drunk is never a good idea. Drunk bets are bad bets, and betting under the influence of alcohol is even worse than betting on emotion. You don't have to look hard to find horror stories about people who lost huge sums of money because they were drinking and gambling at the same time.  Bottom line, when it's time to place that bet, put down the beer. 

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